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Proactive research analyst
The expansion, primarily funded by its clients, will feature state-of-the-art amenities, including quarantine rooms, laboratories, outpatient facilities, and corporate offices all under one roof. Notably, the new site will initially offer 50 quarantine beds, with plans to expand to 70, significantly surpassing the current Whitechapel and
The move enables hVIVO to conduct simultaneous challenge trials for various clients, enhancing efficiency and increasing revenue. hVIVO's H1 results showcased a remarkable 52% YoY revenue increase to approximately £27.3 million, driven by the growth of their challenge trial order book. With a strong cash position and a prepayment model, the company appears set to meet its 2023 revenue guidance of £53 million with an EBITDA between 15% and 90%.
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